Nathaniel Simons - Meritage Group Portfolio (Q1 2026)

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Meritage Group, Nathaniel Simons, has built a diversified portfolio of 13 publicly traded holdings with a total market value of $2.7B as of Mar 31, 2026. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 17.7% of the total portfolio value. The top 5 holdings account for 59.1% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

13
Total Holdings
$2.7B
Portfolio Value
Mar 31, 2026
Latest Filing
17.7%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in MICROSOFT CORP (MSFT) represents 17.7% of the total portfolio, valued at $470.3M.

Rank Symbol Company Value Portfolio % Change
1 MSFT MICROSOFT CORP $470.3M 17.7% +0.7%
2 AMZN AMAZON COM INC $386.3M 14.6% +0.7%
3 TRU TRANSUNION $251.4M 9.5% -31.9%
4 COF CAPITAL ONE FINL CORP $239.5M 9.0% -28.5%
5 AON AON PLC $219.5M 8.3% -31.7%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 173 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
TOST Toast, Inc. +3,410,223 Mar 31, 2026 BUY
CSGP CoStar Group, Inc. +3,329,006 Mar 31, 2026 BUY
QSR Restaurant Brands International -3,200,731 Mar 31, 2026 SELL
TPX Tempur Sealy International, Inc -2,403,651 Mar 31, 2026 SELL
TRU TransUnion -1,701,618 Mar 31, 2026 SELL
AON Aon Plc +680,169 Mar 31, 2026 BUY
COF Capital One Financial Corporati -523,983 Mar 31, 2026 SELL
SPGI S&P Global Inc. +504,410 Mar 31, 2026 BUY
MSCI MSCI Inc. -60,533 Mar 31, 2026 SELL
SPY SPDR S&P 500 +51,554 Mar 31, 2026 BUY

Options Activity

Options trading activity provides insights into the investor's derivative strategies and hedging approaches. The following table shows options positions from the latest reporting period, sorted by notional value.

Symbol Company Type Contracts Notional Value Date
SPY SPDR S&P 500 PUT 1,300,000 $555.7K Sep 30, 2023

Note: Notional value represents the total exposure value of the options position. For a complete analysis of all options strategies and historical options activity, visit our comprehensive options page.

Investment Strategy Insights

Meritage Group's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in MICROSOFT CORP (MSFT) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 0.7% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 173 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 13 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Meritage Group's portfolio as of Mar 31, 2026 reflects a strategic approach to equity investing with 13 holdings valued at $2.7B. The concentrated position in MICROSOFT CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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